Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.1%. By the end of trading, Credicorp rose $4.22 (2.6%) to $166.05 on light volume. Throughout the day, 188,928 shares of Credicorp exchanged hands as compared to its average daily volume of 287,300 shares. The stock ranged in a price between $161.81-$166.10 after having opened the day at $162.05 as compared to the previous trading day's close of $161.83. Other companies within the Banking industry that increased today were:
), up 10.8%,
River Valley Bancorp
), up 10.7%,
), up 9.2%, and
), up 7.5%.
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Credicorp Ltd., through its subsidiaries, provides a range of financial products and services in Peru, Bolivia, and Panama. It operates in four segments: Banking, Insurance, Pension Fund, and Brokerage and Other. Credicorp has a market cap of $12.91 billion and is part of the financial sector. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 10.4% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Credicorp a buy, no analysts rate it a sell, and five rate it a hold.
TheStreet Ratings rates Credicorp as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Credicorp Ratings Report.
On the negative front,
), down 7.3%,
), down 6.7%,
), down 6.4%, and
), down 6.3%, were all laggards within the banking industry with
) being today's banking industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.
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